Skip to content

Uzbekistan Open for Renewables

By Alistair Wishart and Nabil Khodadad

Uzbekistan has seen a tremendous amount of reform in the last three years under new President Shavkat Mirziyoyev, including liberalisation, at breakneck speed, of the foreign exchange market, business regulations, tax system, banking system, visa regime, public private partnership (PPP) framework and more.

The energy sector is experiencing significant legal and structural reform, including the restructuring of state giants Uzbekneftegas and Uzbekenergo. In nearly three decades working in Uzbekistan we have never seen anything like it. A shining example of Uzbekistan’s modernising push is the development of an ambitious renewable power strategy.

Read the entire article here.

This information is provided by Vinson & Elkins LLP for educational and informational purposes only and is not intended, nor should it be construed, as legal advice.